Shanghai Ace Investment & Development Co (SHSE:603329) Days Sales Outstanding : 29.35 (As of Mar. 2024)

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What is Shanghai Ace Investment & Development Co Days Sales Outstanding?

Shanghai Ace Investment & Development Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥164 Mil. Shanghai Ace Investment & Development Co's Revenue for the three months ended in Mar. 2024 was ¥508 Mil. Hence, Shanghai Ace Investment & Development Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 29.35.

The historical rank and industry rank for Shanghai Ace Investment & Development Co's Days Sales Outstanding or its related term are showing as below:

SHSE:603329' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.4 Med: 19.48 Max: 27.21
Current: 26.25

During the past 12 years, Shanghai Ace Investment & Development Co's highest Days Sales Outstanding was 27.21. The lowest was 15.40. And the median was 19.48.

SHSE:603329's Days Sales Outstanding is ranked better than
75.59% of 967 companies
in the Transportation industry
Industry Median: 45.87 vs SHSE:603329: 26.25

Shanghai Ace Investment & Development Co's Days Sales Outstanding increased from Mar. 2023 (23.12) to Mar. 2024 (29.35).

Shanghai Ace Investment & Development Co Days Sales Outstanding Historical Data

The historical data trend for Shanghai Ace Investment & Development Co's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shanghai Ace Investment & Development Co Days Sales Outstanding Chart

Shanghai Ace Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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27.21

19.14

15.40

15.71

21.26

Shanghai Ace Investment & Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															23.12	24.12	32.82	22.36	29.35

Competitive Comparison of Shanghai Ace Investment & Development Co's Days Sales Outstanding

For the Marine Shipping subindustry, Shanghai Ace Investment & Development Co's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shanghai Ace Investment & Development Co's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai Ace Investment & Development Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Shanghai Ace Investment & Development Co's Days Sales Outstanding falls into.

Shanghai Ace Investment & Development Co Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Shanghai Ace Investment & Development Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (132.875	+	160.605)	/	2 )	/	2519.669	*	365
=	146.74					/	2519.669	*	365
=	21.26

Shanghai Ace Investment & Development Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (160.605	+	166.492)	/	2 )	/	508.441	*	365 / 4
=	163.5485					/	508.441	*	365 / 4
=	29.35

Shanghai Ace Investment & Development Co (SHSE:603329) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Shanghai Ace Investment & Development Co Days Sales Outstanding Related Terms

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Shanghai Ace Investment & Development Co (SHSE:603329) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Ace Investment & Development Co Ltd (SHSE:603329) » Definitions » Days Sales Outstanding

Traded in Other Exchanges

N/A

Address

855 South Pudong Road, Room H, 33rd Floor, World Plaza, Shanghai, CHN, 200120

Website

http://www.aceonline.cn

Shanghai Ace Investment & Development Co Ltd is a logistics services provider in China. The company's main business is supply chain logistics and supply chain executive trading business. It offers multimodal transport of railways, highways, and waterways; third-party logistics services; bonded warehousing; loading and unloading operations; and warehousing and logistics supervision services.

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